Spencer Harvey
HELOC for downpayment
I’ve been trying to figure out a way to purchase more rental properties and grow my portfolio. I currently own two properties that cash flow nicely, plus my primary residence which I have ~$70k in equity. I opened a H...
Peyton LaBarbera
Who pays the earnest money deposit?
I am a bit confused on this topic so lets just get started. First off I was wondering if as the wholesaler do I have to pay a earnest money deposit to the seller or does the cash buyer do that since I am assigning the...
Hector Rivas
Wholesaling On-Market Properties
I’m 18 years old and I’m trying to get into wholesaling real estate. I’m running into the problem of providing POF’s. How can I go about this? I know grabbing a random POF’s letter is consider fraud, etc. I’m not gonn...
Brock Norton
BRRRR refinance question
So I get the process of BRRRR. My question is in the actual refinance portion. When you refinance a home at 70%-ish LTV of ARV after repairs/updates and its rented does the lender just give you cash in the form of a...
Scott Bartlett
Low-Ball Offer on an REO thoughts?
I just put in my first offer on a REO property owned by Chase Bank.
The property has been on the market for 148 Days.
The property was listed around October 12th of 2012 at $25,000.
45 Days Later, the bank reduced ...
Gabe Ledo
Having a hard time with cheaper properties
I'm having a hard time Finding loans for properties under $70,000. A lot of the rental properties that I would like to acquire for some turnkey rentals range from 30,000 to 75,000. I have excellent credit and 20% down...
Kyle Nelson
A Few Questions for a Beginner Wholesaler
I have been doing quite an extensive amount of research on wholesaling real estate in my home town of Jacksonville Florida as I would to start actively wholesaling real estate. With all the research I've done I ha...
Tom Lipps
Title Company did not include Prorated Rent or Deposit
Hi BP!I'm set to close on my first rental ($82k duplex) this Friday.However, I received the Title Agency's Final Settlement charges and it does not include a Prorated Rent or Security Deposit from the seller (even tho...
Tristan S.
Confused about the rules for refinancing after HML or private
Hi Guys,Currently working on a deal in Houston and looking at different financing options. I need someone to help me understand the rules and regulations around the refinancing process (into long term, conventional, f...
Hanan K.
HELOC affects on DTI - question!
Hello BP members! We are preparing to leave our W2 jobs in a few months to move into full time real estate investing. We have a good amount of equity in our primary residence as well as one of our rentals and we would...